Market Briefs

Atlanta REALTORS® Market Brief: July 2021

August 16, 2021

July Highlights

Demand: July residential sales were at 7,459, a decrease of 11.5% from the previous year.

Price: Average and median sales prices continue to outpace 2020’s figures, with positive gains. The median sales price in July was $370,000, an increase of 21.3% from last July. The average sales price was $441,500, up 20.1% from the previous year.

Supply: Atlanta area housing inventory totaled 9,402 units in July, a decrease of 33% from July 2020. New listings totaled 9,365, down 2.8% from July 2020 and down 3.7% from the previous month. The month’s supply over a 12-month period remained at 1.3 months.

A Word from 2021 Atlanta REALTORS® President Cynthia Lippert: 

“The decline in sales is noteworthy, but not necessarily unexpected, and represented by several likely factors," stated Cynthia Lippert, 2021 President of the Atlanta REALTORS® Association. “Inventory is still down 33% year over year and remains at only 1.3 months of supply. Additionally, as many popular travel destinations re-opened heading into Summer, many pandemic-weary travelers returned to the skies, beaches, and just about anywhere but their living rooms in an attempt to enjoy some normalcy.”

“Buyers who stay the course and purchase sooner may benefit from earlier and steeper equity growth than they might if they wait six months.” proclaims Lippert. “As frustrating as it is to be in the market for a home right now,” says Lippert, “buyers may do well, maybe better, by pairing up with a REALTOR and persevering.”

Infographic   :   Download PDF  :    Press Release

The data in this report was compiled by First Multiple Listing Service (FMLS). For more information on details of this month's report, please contact the Association at 404.250.0051.

About the ARA Market Brief

The Atlanta REALTORS® (ARA Market Brief is compiled by First Multiple Listing Service (FMLS) and provides the only regionally focused synopsis of monthly sales and home prices for single-family residential properties. The Market Brief covers the following 11 counties: Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Paulding, and Rockdale.

The data in this report was compiled by First Multiple Listing Service (FMLS). For more information on details of this month's report, please contact the Association at 404.250.0051.

*Each month, the numbers reported for the previous month are updated to reflect additional recordings.

About the Atlanta REALTORS® Association

The Atlanta REALTORS® Association (ARA) has been an instrumental factor in the growth of real estate in the state of Georgia for more than a century. With over 12,000 members, Atlanta is the largest association in Georgia and is considered to be one of the strongest and most successful REALTOR® organizations in the nation. ARA serves as a central source of information for its members, mainly focusing on real estate education, the promotion of professionalism in the industry, and representing REALTORS® members with legislative initiatives to create positive change for the real estate community.

About First Multiple Listing Service

First Multiple Listing Service (FMLS) is the premier data services provider for real estate professionals in Georgia. FMLS was founded in 1957 by a group of Brokers who wanted to share their listings and connect buyers and sellers.  Today FMLS is the largest MLS in Georgia & the 4th largest MLS in the United States, serving nearly 54,000 real estate Agents & Brokers.  For additional information or to start a discussion about how to partner with FMLS please contact join@fmls.com.

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